Trepp CMBS Delinquency Rate continued to fall, plunging more than 1 percent since the beginning of the year as it set another post-crisis low in July. The overall delinquency rate for U.S. commercial real estate loans in CMBS is now 3.81 percent, a decrease of 14 basis points from the June level.
For the first time since December 2015, apartment loans no longer have the lowest delinquency rate. The lodging sector now claims that distinction as its July reading of 2.25 percent bested the multifamily rate of 2.35 percent.
The July 2018 rate is 168 basis points lower than the year-ago level. The July reading breaks the previous post-crisis low of 3.95 percent set last month. The all-time high of 10.34 percent was registered in July 2012.
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